Jonathan 's Blog

Reverse Mortgages for Seniors

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 20 Aug 2007 11:01:23 -0500

A Reverse Mortgage Lets Seniors Take Advantage of Home Equity

According to a number of sources, there are an increasing number of people who are choosing to take advantage of their home equity.

Whether it's because many seniors are experiencing a loss of pension benefits, inflation, rising home heating costs or other reasons, many are using their home equity to cover daily costs. According to a source:

Even in the midst of a housing recession, one segment of the mortgage market has been booming: reverse mortgages, which provide a line of credit or monthly payments to seniors 62 or older, using an existing home as collateral.

Reverse mortgages enable seniors to receive payments based on their home equity. As a result, more seniors are able to keep their homes and make ends meet.

So, how does a reverse mortgage work? The simplest explanation is this: seniors who apply for a reverse mortgage can receive a lump sum, monthly payments or a line of credit based on their home equity.

Is there a catch? Surprisingly, no. When seniors take advantage of their home equity with a reverse mortgage, they cannot lose their homes. The money received needs to be repaid once the homeowner leaves the home, sells the home or passes away.

As a result, many find that taking advantage of their home equity with a reverse mortgage is a great opportunity - one that will allow them to make ends meet and avoid the struggles that may come once they no longer are bringing in a significant income.

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Jonathan's Weekly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 20 Aug 2007 10:55:02 -0500

This is a copy of my Weekly newsletter. Every Week I publish a copy of this newsletter to my active database. Anyone who wishes to receive this newsletter directly can email me at jsaffiedine@atlantismortgage.com and I will put you on my email campaign. Anyone who is on it and wishes to be removed can just click the unsubscribe button. If you would like to know the trivia ansewer please email me also and I will email it to you. www.atlantismortgage.com 866-357-9100

Homebuyers: When might you need a jumbo Mortgage???

Jonathan Saffiedine (Atlantis Mortgage ) — Tue, 14 Aug 2007 09:52:48 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Homebuyers: When Might You Need a Michigan Jumbo Mortgage Loan?

Are you ready to become a homebuyer? Are you aware of Michigan Mortgage loan options and how those options will affect you?

For example, do you know that the traditional limit for a mortgage for a single family home is $417,000? If you're a homebuyer and are interested in luxury properties - condos or homes on the lake shore, larger homes that are more secluded - chances are good that you could be looking at homes that exceed that price.

If so, you'll need to look into a Michigan jumbo mortgage loan. A Michigan jumbo mortgage loan is not altogether unlike a traditional mortgage, it's just that it's a larger mortgage.

As a result, you will need to have a larger amount set aside for a down payment on the home that you buy. And, just as your down payment will need to be great, homebuyers needing a Michigan jumbo mortgage loan are likely to find that they pay higher interest rates.

If you're looking at buying a home on the lake, or if you're looking at other more expensive properties, you might find that you need a Michigan jumbo mortgage loan. If so, you'll want to talk with a loan advisor who can help you to get the best possible rates on your loan and who can talk to you about all of the options for your situation.

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Is a pre-qualified loan enough?

Jonathan Saffiedine (Atlantis Mortgage ) — Tue, 14 Aug 2007 09:50:56 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Is a Pre-Qualified Loan Enough?

Are you ready to buy a home of your own? Have you looked at your credit reports, started making a list of what you're looking for in a home? Have you taken steps towards finding a real estate agent or towards buying a home on your own using a flat fee real estate service?

Once you start taking steps towards buying a home of your own, you'll hear a lot about the importance of having a pre-qualified loan. Having a pre-qualified loan is enough to let real estate agents and you know how much you'll be able to spend on the home that you decide to purchase.

But is a pre-qualified loan enough?

With a pre-qualified loan, you'll find that the lender looks over your credit history, your income and assets and provides an estimate of the mortgage you will be eligible to take out. However, a pre-qualified loan is not a commitment from that lender.

In order to know exactly what your mortgage loan options are, you'll want to go a step beyond a pre-qualified loan: you'll want to be pre-approved for your mortgage.

With a pre-approved mortgage, you'll find that you have more control: you'll know what your loan rates will be; you'll know how much you can offer on a home. This control will give you more buying power than a pre-qualified loan will because you and the lender will have all of the information ready.

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Is it a good idea to refinanceyour Mortgage?

Jonathan Saffiedine (Atlantis Mortgage ) — Tue, 14 Aug 2007 09:48:43 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Is It A Good Idea to Refinance Your Mortgage?

It's a rare case that, when buying the house, a mortgage loan isn't necessary. In other words, very few people have tens or hundreds of thousands of dollar available to just drop down so that they can buy a home of their own.

Mortgage loans come in all varieties. Adjustable rate mortgages, fixed rate mortgages, loans that are repaid over 10 years, 15 years or even 30 years, mortgages with no down payment on the home or no closing cost mortgages are all loans that you'll hear about when you're looking into buying a home.

But when you take out a mortgage, there's one other thing that you will need to consider: is there ever a right time to refinance your mortgage?

When you refinance your mortgage, you have the opportunity to take out a new loan to pay off your current mortgage. Sometimes, it's a great idea to refinance, other times is isn't.

If you have an adjustable rate mortgage and interest rates are climbing, it may be a great idea to refinance at a low fixed interest rate. If you have a long term mortgage, want to avoid early repayment penalties and have more disposable income than you had thought that your would, it can be good to refinance for a shorter term loan.

Similarly, it may be wise to refinance if other situations change: you'll be staying in your home longer, or you wish to make upgrades to your home and want to tap into your equity.

It is important, however, that you speak with a loan counselor prior to making the decision to refinance. It's important to know all of your options, the risks and the benefits as well as the advantages and disadvantages that may exist when you refinance.

Is that to say it's not a good idea to refinance your mortgage? Not at all: it's just to say that, just as you did your research to get a mortgage, it's important to know all of your options before you refinance.

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Jonathan's Weekly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Tue, 14 Aug 2007 09:46:05 -0500

Points to consider when Applying for a Mortgage

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 09 Aug 2007 09:43:12 -0500

Some Points to Consider When You Apply for a Michigan Mortgage

Well before you apply for a Michigan mortgage, there are some steps that you can take to ensure that you get the best loan at the best rate.

Take a good look at your credit. You can get a free credit report so that you know your credit score and, if you find that there are problems, you can work on getting them corrected before you apply for a mortgage loan.
Make an effort to boost your credit score. Make sure that you've paying your bills on time and try to pay off a lot of your debt. You'll be in a better position for getting great rates on you Michigan mortgage if you're using half or less of the credit that's been extended to you.
Start saving. As soon as you know that home ownership appeals to you, start setting aside money towards a down payment. Start working from a budget so that you'll be ready for the financial responsibilities of home ownership.
Research your options. While Atlantis Mortgage loan counselors can tell you a lot about different Michigan mortgage loans, you'll be in a better position to ask questions and get the answers that you need about different loans if you know what to ask.

Look at your credit, boost your credit score and then, when you're ready to apply for a Michigan mortgage get in touch with Atlantis Mortgage. They'll work with you to answer your questions and get the right loan for you.

Jonathan Saffiedine

866-357-9100

www.atlantismortgage.com

Homebuyers: Plannig to build your Dream Home??

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 09 Aug 2007 09:39:51 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Homebuyers: Planning to Build Your Dream Home?

When some people choose to become homebuyers, they look for a starter home: a small house or condo. Others look to become homebuyers by investing in a luxury property. Still others choose that their dream home is the home that they will have built themselves.

These homebuyers don't look at homes per se, they look at land, the look to architects and designers they look to construction companies. They also don't look at traditional mortgage options.

Rather than applying for a traditional mortgage, homebuyers planning to build their dream home will need to apply for a construction loan - a mortgage for a property that has not yet been built.

When homebuyers apply for a construction loan, the amount of financing available to them will be based not on what exists, but on what the property will be. Construction loans are based on the value of the land, the estimated construction costs as well as the homebuyer's current assets.

The home of your dreams doesn't have to stay in your dreams: the right construction loan for homebuyers can make it a reality. If you're looking to build your dream home, learn more about construction loans today.

Jonathan Saffiedine

866-357-9100

www.atlantismortgage.com

Pre-Qualified Loan Can Give Homebuyers an Advantage

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 09 Aug 2007 09:37:32 -0500

A Pre-Qualified Loan Can Give Buyers an Advantage

If you're shopping for a new home, there are some important things to consider. First, you'll want to look at what you need in a property. Then you'll want to research real estate agents, mortgage loan options and neighborhoods.

Once you know more about your options and are fully committed to purchasing a home of your own, there's one more thing that you can do - something that will give you an advantage over other buyers: you can apply for a pre-qualified loan.

When your mortgage is a pre-qualified loan, you'll know exactly how much house you can afford and what your interest rates will look like. But a pre-qualified loan doesn't just benefit you in these ways: it also gives you an advantage with real estate agents and sellers.

Agents, when they know that you have a pre-qualified loan will work harder to find you the home because they'll know that what you can afford. Sellers will be better able to work with you because, when you make an offer, they'll know that you can commit to your offer price.

In other words, a pre-qualified loan gives you an advantage because everyone knows what to expect: there's no second guessing.

Jonathan Saffiedine

866-357-9100

www.atlantismortgage.com

Should You Refinance???

Jonathan Saffiedine (Atlantis Mortgage ) — Tue, 07 Aug 2007 08:18:07 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Should You Refinance?

How's your current mortgage working for you? What's your interest rate like? Do you know whether or not it would be possible to save if you were to refinance your mortgage?

Many people find that, when they refinance, they are able to secure a fixed rate on their loan rather than the adjustable rate mortgage they started with. Others find that, when they refinance, they're able to lower their monthly payment. If you find yourself in a more financially stable position, you may be able to refinance with a shorter term loan so that you will own your home sooner.

But should you refinance? On a lot of levels, that depends on your own situation.

If you need to be able to cash in on your home's equity to pay off other debts, it might be a great plan to refinance. If you're looking for a better interest rate, then refinancing may be a good idea for you.

However, if you are looking at selling your home in the near future, you may find that you don't benefit by refinancing. You also should think twice about whether or not to refinance if you rely on the tax deductions you receive with your current mortgage.

If you're not sure whether or not you should refinance, there's one thing that you should do: talk with a mortgage loan counselor. You'll find that you're able to ask questions, get answers and even find the right loan when you have the right advice.

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Looking for a Mortgage Loan ??????

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 06 Aug 2007 09:30:33 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Looking for a Michigan Mortgage Loan?

If you've been looking for a Michigan mortgage loan it's important to know what you're looking for.

You'll want to be sure that you are looking for the right Michigan mortgage loan for your needs - a mortgage to buy and existing property, a loan to build your dream home, a jumbo mortgage to buy a luxury property or a home equity loan or refinancing loan if you intend to get a better interest rate.

You'll want to know what your options are for each of those loans: you'll want to be sure that you are able to look at different interest rate options, adjustable and fixed rate Michigan mortgage loans and even no closing cost loans.

When you're looking for a Michigan mortgage loan, it's important, however, to do more than just know and understand all of your options. You should also take the time to understand the pre-approval process for a Michigan mortgage loan and how a pre-approval can help to make the process of buying a home simpler.

When you know that you'll be buying a home in Michigan, when you know that you'll need a Michigan mortgage loan, it's important to know all of your options. The best way to do that is to work with a Michigan mortgage loan lender who will be on your side. It's important to know that you'll be able to get the answers you need, and that you'll be working with a lender who will be working with you.

http://www.atlantismortgage.com/

Jonathan Saffiedine

866-357-9100

Jonathan's Weekly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 06 Aug 2007 09:27:16 -0500

Jonathan's Monthly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 06 Aug 2007 09:26:04 -0500

How you can Improve your credit score?????

Jonathan Saffiedine (Atlantis Mortgage ) — Fri, 03 Aug 2007 14:13:36 -0500

How can you improve your credit score?

It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can't "on the spot." But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.

Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.

Note: Theoretically, if a series of credit reports is requested on your behalf during a limited amount of time, your score goes down until time passes without any inquiries. Changes in the law though have made "consumer-originating" credit report requests not count so much. Also, a series of requests in relation to getting a mortgage or car loan is not treated the same as a number of credit card requests in a limited time. This is because the credit bureaus, and lenders, realize that people request their own credit reports to keep up with what's on them, and smart consumers shop around for the best mortgage and car loans.

Unsolicited credit card solicitations in the mail don't count against your credit report, so don't worry.

The two main components of your credit score are your payment history and the amounts you owe. Bankruptcy filings and foreclosures, which can stay on your credit report for as many as 10 years, can significantly lower your score. It's never a good idea to take on more credit than you can handle.

Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment.

Dont "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.

It's said that by carefully managing your credit, it's possible to add as much as 50 points per year to your score.

Jonathan Saffiedine

866-357-9100

www.atlantismortgage.com

Disputing Credit Report Errors

Jonathan Saffiedine (Atlantis Mortgage ) — Fri, 03 Aug 2007 14:12:17 -0500

Your credit report is a record of your credit activities. It lists all of your credit card accounts and loans, the balances as well as your payment history. It also shows if any action has been taken against you because of unpaid bills such as a lawsuit or bankruptcy filing. Because businesses use this information to evaluate your applications for credit, insurance and employment, it's important that the information in your report is complete and accurate, especially if you plan to make a big purchase like a home.

The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission (FTC), is designed to promote accuracy and ensure the privacy of the information used in consumer reports. Under the FCRA, both the credit reporting agency (CRA) and the organization that provided the information to the CRA (usually the credit card company) must correct any errors or incomplete information in your report.

If you do encounter a mistake on your credit report, several steps need to be taken to correct the matter:

1. The first thing to do is get a copy of your credit report from each of the three major CRAs: Equifax, http://www.equifax.com/; Experian, http://www.experian.com/; and TransUnion, http://www.tuc.com/.

2 In a written letter, tell the CRA what information you believe to be inaccurate. Include copies (not originals) of documents that support your position. Provide your complete name and address, identify each item in your report you dispute, and request deletion or correction. Be sure to make copies of your dispute letter and enclosures.

3. Send your letter by certified mail, return receipt requested, so you can document what the CRA received.

4. The FCRA mandates that all CRAs reinvestigate the items in question - usually within 30 days - unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the credit card company. After the credit card company receives notice of a dispute from the CRA, it must investigate, review all relevant information and report the results to the CRA.

5. If the disputed information is found to be inaccurate, the credit card company must notify all nationwide CRAs so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file.

6. When the reinvestigation is complete, the CRA must give you the written results and a free copy of your report if the dispute results in a change. If an item is changed or removed, the CRA cannot put the disputed information back in your file unless the credit card company verifies its accuracy and completeness, and the CRA gives you a written notice that includes the name, address, and phone number of the credit card company.

7. In addition to the CRA, you should also write to the credit card company about the error. Again, include copies of documents that support your dispute. If you are correct - meaning the information you disputed is found inaccurate - the credit card company cannot use it again. Further, at your request, the CRA must send notices of corrections to anyone who received your report in the past six months

Jonathan Saffiedine

www.atlantismortgage.com

866-357-9100

Before Applying for a Michigan Mortgage, Check your Credit Report for Errors

Jonathan Saffiedine (Atlantis Mortgage ) — Fri, 03 Aug 2007 13:50:30 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

When you're ready to apply for a Michigan Mortgage, it's a great idea to take a look at your credit report.In part, this will allow you to see your credit score - which will effect the amount of a Michigan Mortgage that you can borrow as well as the insurance rate on the loan. It will also allow you to check your credit report for mistakes.After all, mistakes on your credit report could have serious effects on your ability to get a Michigan Mortgage.What types of mistakes should you be on the lookout for? Here are a few examples:

Is all of your information on the credit report correct? If someone entering information misread your handwriting, your address could be off by a digit, your name could have been spelled incorrectly or your Social Security number could have been entered incorrectly. All of these things may affect your credit score.
Know that you've paid all of your bills on time but your credit report shows missed payments? Consider calling your credit card or utility company to see if the payment were accidently applied to another account.
Make sure that all of your credit information on the report is your information. If someone else has a name very similar to yours - you are a junior or have a common name - it's possible that their information could show on your credit report.

Other errors can also occur. If you check your credit report for mistakes before applying for a Michigan Mortgage, however, you'll have a chance to get those mistakes fixed. And that can make a big difference in the loan that you get for buying a home.

Atlantis Mortgage
Applying for a Michigan Mortgage? Check for credit report mistakes.
Michigan Mortgage Blog

www.atlantismortgage.com

Jonathan Saffiedine

866-357-9100

Applying for a Mortgage ???

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 02 Aug 2007 14:34:32 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Have Questions About Applying for a Mortgage?

When the time comes to buy your first home in Michigan, it makes sense that you're going to have a lot of questions.

There are the obvious, doubting questions like "are we really ready to commit to this," and "can we really afford to buy a home of our own?" Questions that are similar to these include "Shouldn't we look at the school systems in the area even though we don't have kids because, well, we might someday," and thoughts about how many bedrooms you really might need.

But many of those questions are born from the excitement of having a home of your own. They lead to questions that are a bit more frightening. "Is our credit good enough to get a great rate on a Michigan mortgage?" "Do we need a pre-approval before we start talking with a realtor?"

Fortunately, these questions about a Michigan mortgage are easier to answer because you don't need to answer them for yourselves. Don't let your doubts stop you from living your dreams - especially dreams of home ownership. Don't let the questions overwhelm you, simply get the answers you need. Contact a mortgage specialist or realtor who can help assist you.

Atlantis Mortgage

Jonathan Saffiedine

866-357-9100

www.atlantismortgage.com

Should you Refinance to Pay off Credit Card Debt?

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 02 Aug 2007 14:31:01 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Should You Refinance to Pay Off Credit Card Debt?

When you took out a mortgage on your home, you probably learned a fair amount about the types of debt you have, credit scores and ways of boosting them and about the equity that you can build as you pay off your mortgage.

As you begin to recognize that you are building equity in your home, you might start thinking about your credit score a bit more: what can you do to boost it?

One thing is to refinance your mortgage to pay off your credit card debt.

When you refinance to pay off credit card debt, you'll find that you are able to pay off your debt at a lower interest rate - which will save you money over time. You'll also find that you'll have been able to boost your credit score by paying off those high interest cards.

If this sounds great to you, you should look into the possibilities of refinancing and paying off debt. Your lenders are ready to answer any questions you have.

Atlantis Mortgage

www.atlanitsmortgage.com

Jonathan Saffiedine

866-357-9100

Are you Ready to Apply for a Mortgage

Jonathan Saffiedine (Atlantis Mortgage ) — Wed, 01 Aug 2007 12:59:31 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Are You Ready to Apply for a Michigan Mortgage?

You've spent time looking at your credit score. You've decided that you no longer want to help build equity in your landlord's property: you're ready to purchase a home of your own, and you want that home to be in Michigan. You know that you're going to apply for a Michigan mortgage - it's just a matter of time.It's also a matter of being absolutely sure of a few things:

Timing. Is the timing right to apply for a Michigan mortgage or is there a chance that rates will drop further? If there's a good chance that rates will drop, you may want to look into adjustable rate Michigan mortgages or wait and lock in a low fixed rate.
Agreement. Before applying for a Michigan mortgage and purchasing a home of your own, make sure that you and your family agree on what your needs are and what you are looking for.
Comfort with your lender. Do you feel comfortable with the lender that you've chosen for your Michigan mortgage? If you still have questions, be sure to get the answers that you need. It's never a good idea to go into something with a bad feeling about it.

Atlantis Mortgage makes it easy to feel good about applying for a Michigan mortgage. They'll be there to answer your questions, to explore all of your options and to make sure that you get the right Michigan mortgage for your needs.Atlantis Mortgage Find your Michigan mortgage from Atlantis Mortgage Michigan Mortgage Blog

Jonathan Saffiedine

866-357-9100

http://www.atlantismortgage.com/

The advantages of a fixed rate Mortgage

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 30 Jul 2007 09:45:42 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

As a homebuyer, your primary goal is going to be to purchase a home that fits your needs and the needs of your family. But in order to do that, one of the first things that you need to do is to find the right mortgage.

That means a number of things. In part, it means looking at how much you can afford to spend. It means looking at mortgage lenders to find the one that's right for your. It also means looking at and recognizing the advantages of different mortgage types - like fixed rate mortgages.

What are the advantages of a fixed rate mortgage?

The most notable advantage is that with a fixed rate mortgage you will know what your mortgage payment will be each and every month for the life of your loan. That means it will be easier to set a monthly budget. It also means that you won't have to worry about about a great low adjustable rate climbing exponentially during the life of your mortgage loan.

Does that mean a fixed rate mortgage is right for you? It may or may not. It also doesn't mean that there aren't more advantages. As a homebuyer, it's up to you to talk with a mortgage lender to discuss all of your options - including a fixed rate mortgage loan.

Atlantis Mortgage
Homebuyers: determine whether a fixed rate mortgage is right for you.
Michigan Mortgage Blog

Jonathan Saffiedine

866-357-9100

http://www.atlantismortgage.com/

Jonathan's Weekly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Mon, 30 Jul 2007 09:43:16 -0500

Be aware of your Refinancing Options

Jonathan Saffiedine (Atlantis Mortgage ) — Thu, 26 Jul 2007 15:09:25 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Be Aware of Your Refinancing Options

There are plenty of reasons to refinance your mortgage. After all, refinancing can allow you to:

lock in a lower, fixed interest rate so that you'll be able to save thousands of dollars over the life of your loan;
lower your monthly mortgage loan payment so that you are able to have more cash on hand for projects to pay down credit card debt of for other purposes; and
cash in on the equity that you've built over the course of repaying your mortgage.

When you are ready to refinance your mortgage - whatever your reason - you're likely to find that there are almost as many refinancing options as there are reasons to refinance. Before you finalize any decisions, it's important to take the time to understand your refinancing options.

To determine which refinancing loan is your best option, take a closer look at your needs:

if your need is to find a way of lowering your interest rate and monthly payments, look into a refinancing loan with a low fixed interest rate;
if you're looking for a refinancing loan that will allow you to take advantage of your home equity, look into your options to determine whether or not you can obtain a larger loan without larger payments; or
if you're trying to find a way of paying off your home more quickly, consider refinancing with a loan that is for a shorter term.

No matter why you are looking to refinance, no matter what you are looking for in a new mortgage loan, knowing your options is the key to finding the right loan for you.

http://www.atlantismortgage.com/

Jonathan Saffiedine

866-357-9100

Jonathan's Weekly Newsletter

Jonathan Saffiedine (Atlantis Mortgage ) — Wed, 25 Jul 2007 11:52:27 -0500

Homebuyers: Now is No time for mistakes

Jonathan Saffiedine (Atlantis Mortgage ) — Wed, 25 Jul 2007 11:47:16 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Homebuyers: Now Is No Time for Mistakes

Buying a home is a really big deal - no matter how you look at it. In part, it's because buying a home means settling in and establishing roots. In part it's because you're going to be taking out a rather sizable loan that you'll be paying on for a long while.

In order to avoid making the same mistakes as many homebuyers do, you'll want to be careful about the process. Really look into what you're looking for in a home and a neighborhood. Take a close look at your credit score and do what you can to improve it. Find the right real estate agent to work with.

Even more importantly, find the right mortgage broker to walk you through the process of determining how much home you can afford. During a consultation with a loan counselor, homebuyers can learn more about their loan options and even get pre-approved for a mortgage loan.

Once you have that pre-approval, you're sure to be excited - and that means being extra careful not to make a really big mistake: impulse buying. Buying a home isn't like buying a new shirt; you can't return it if it just doesn't fit.

Homebuyers need to be patient, and the need to focus on their goals of home ownership without getting distracted along the way.

Atlantis Mortgage
Atlantis Mortgage can help homebuyers avoid mortgage mistakes.
Michigan Mortgage Blog

http://www.atlantismortgage.com/

Jonathan Saffiedine

866-357-9100

Five things to consider when applying for a mortgage

Jonathan Saffiedine (Atlantis Mortgage ) — Wed, 25 Jul 2007 11:45:18 -0500

Michigan Mortgage Blog -Atlantis Mortgage

Your TRUE No Closing Cost Lender

Five Things to Consider Before Applying for a Mortgage

Do dreams of homeownership fill your thoughts - day and night? Can you hardly wait for a time when you can stop paying rent and actually build equity in a home, a time when your money will start working for you rather than for someone else?

If so, you're probably aware that there's one thing you'll really need to make your dreams a reality: a mortgage loan.

It's important to consider the following five points:

In order to be able to obtain a mortgage, it's important to consider your credit history and credit score. You'll want to take a look at those things and see what you can do to improve them.
There are different types of mortgage loans - those for existing homes, those for homes that will be built and those that are for larger, more expensive homes.
What type of home are you interested in purchasing? Are you looking at condos? Are you interested in a single family home? A duplex? Each will have an affect on the mortgage that you get.
Have you budgeted based on your income and expenses? It's important to look at the way that you handle money before applying for a mortgage loan.
Have you talked with a loan officer who can help you to determine how much home you can afford and what your mortgage options are? When you talk with a loan officer, you'll be able to get a better sense of your options and apply for a mortgage pre-approval, making it easier to go out and find a home you wish to purchase.

http://www.atlantismortgage.com/

Jonathan Saffiedine

866-357-9100

Atlantis Mortgage
Atlantis Mortgage loan counselors make it easy to choose the right mortgage.
Michigan Mortgage Blog